Can HORIZONS NYMEX CRUDE OIL ETF’s Tomorrow be Different? The Stock Just Gapped Up

 Can HORIZONS NYMEX CRUDE OIL ETF's Tomorrow be Different? The Stock Just Gapped Up

The stock of HORIZONS NYMEX CRUDE OIL ETF (TSE:HUC) gapped up by $0.08 today and has $13.00 target or 5.00% above today’s $12.38 share price. The 5 months technical chart setup indicates low risk for the $32.82M company. The gap was reported on Dec, 1 by Barchart.com. If the $13.00 price target is reached, the company will be worth $1.64 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 40,663 shares traded hands or 83.25% up from the average. HORIZONS NYMEX CRUDE OIL ETF (TSE:HUC) has risen 5.92% since April 27, 2016 and is uptrending. It has underperformed by 0.01% the S&P500.

Another recent and important HORIZONS NYMEX CRUDE OIL ETF (TSE:HUC) news was published by Theglobeandmail.com which published an article titled: “Two ETFs to help you profit from crude oil’s ‘sweet spot'” on February 10, 2014.

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